XRP is once again in the spotlight amidst cryptocurrency market volatility, facing pressure at the key support level.
Current Market Situation of XRP
As of August 31, 2025, XRP is trading at approximately $2.80, with a market capitalization exceeding $167 billion. The price has changed by 0.07% over the last 24 hours, reflecting stabilization amid market fluctuations.
Technical Chart Analysis
Analyst Ali Martinez illustrates that XRP hovered near a critical support zone at $2.77. He warned, "XRP must hold above $2.77 to avoid a retracement to $2.40!". The chart reveals a consolidation after a decline from mid-August peaks around $3.20, with the price action forming lower highs and repeatedly testing the $2.77 level.
Forecasts and Market Expectations
Despite negative signals, a number of more optimistic forecasts predict that XRP could reach $3.60 by the end of the month, driven by Ripple's regulatory wins and ETF speculation. Forbes forecasts an average price of $2.80 by the end of 2025, increasing to $5.25 by 2030.
The situation in the XRP market requires careful monitoring from traders, as the outcome of the support testing at $2.77 could determine the future price dynamics.
